Large scale squandering by the Reserve Bank

The Reserve Bank is embarking on a scheme that will squander $28 billion, according to Don Richards, the National Spokesperson for Positive Money New Zealand (PMNZ).  Through its so-called Funding for Lending programme, the Reserve Bank will provide $28 billion...
There is a free lunch, Minister

There is a free lunch, Minister

In an extraordinary exchange during a recent press conference our Finance Minister, when asked why the Reserve Bank does not write off the Covid19 debt, said “it isn’t the way we manage monetary and fiscal policy”.  He did not say that it is not technically...
The budget snatches defeat from the jaws of victory

The budget snatches defeat from the jaws of victory

Press release 21 May 2020 After doing so well managing the pandemic the Government has said it will borrow the $50 billion it needs for the Covid-19 package. It could however instruct the Reserve Bank to issue the money directly, cutting out the lenders as it did...

About the Positive Money presentation to the Finance and Expenditure Select Committee

https://youtu.be/fen7gWKpE14Video can’t be loaded because JavaScript is disabled: Positive Money presentation to the Finance and Expenditure Select Committee (https://youtu.be/fen7gWKpE14) We show the clip of our presentation in March of this year to the select...